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Oil and Natural Gas Corporation Limited (ONGC)
ONGC has produced more than 600 million metric tonnes of crude oil and supplied more than 200 billion cubic metres of gas since its inception, thus fuelling the increasing energy requirements of the Indian economy. Today, ONGC is the most valuable company in India, contributing 77 percent of India's crude oil production and 81 per cent of India's natural gas production
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Head Office:
Tel Bhavan
Dehradun, UT, 248008
Phone : +91-0135-2759561-67
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ONGC, Cairn India gains as oil rises
Posted on 28th August 2015
Shares of oil exploration companies such as Oil and Natural Gas Corporation (ONGC), Oil India and Cairn India are trading higher by over 5% each after oil prices jumped by more than 10% on Thursday, posting their biggest one-day rally in over six years.

Cairn India rallied 6% to Rs 148, ONGC surged 5% to Rs 243, while Oil India was up 4% at Rs 472 on the Bombay Stock Exchange (BSE) in early morning trades. Read More


Oil and gas stocks slump on weak global crude oil prices; GAIL, ONGC hit 52-week lows
Posted on 24th August 2015
Shares of oil and gas companies witnessed selling pressure with some of them hitting 52-week lows after concerns over sluggish economic growth in China led to sell-off in global commodities. Further, Iran's plans to boost crude oil production in an effort to boost market share also dampened sentiment.

NYMEX Crude Oil for Oct 2015 was nearing its 52-week low down 2.7% at $39.34 in electronic trade on Monday. Further,Brent crude for October was trading lower by 1.7% at $44.28. Read More


ONGC identifies six projects to propel its next phase of growth
Posted on 19th August 2015
Oil and Natural Gas Corporation (ONGC), India’s biggest oil and gas explorer, has identified six projects over and above its flagship development project in the Krishna-Godavari (KG) basin to power the next phase of its growth.

These projects, entailing an investment of Rs.24,000 crore, are expected to help the state-owned company in maintaining its growth rate in the production of oil and natural gas and contribute almost 14% of its domestic crude oil and 15% of its domestic gas output in the coming years. Read More


Cairn, ONGC and Tata Petro spar over cess, royalty
Posted on 18th August 2015
State-run Oil and Natural Gas Corporation (ONGC) and its partners, Cairn India and Tata Petrodyne are at loggerheads over the payment of cess and royalty at its CB-OS/2 block in the Gulf of Cambay, off western coast of Gujarat. The block includes the Lakshmi and Gauri fields.

The consortium is led by Cairn Energy, having participating interest of 40%. ONGC, the licensee, has 50% participating interest and Tata Petrodyne Limited 10% in the block. Read More


ONGC hits 22-months low on lower-than-expected Q1 profit
Posted on 17th August 2015
Shares of Oil and Natural Gas Corporation (ONGC) have dipped by 3% at Rs 262, their lowest level since October 2013 on the BSE, after the company reported net profit of Rs 5,460 crore for the quarter ended June 30, 2015 (Q1) against an average analyst estimates of Rs 6,029 crore.

However, net profit was 14% higher compared to Rs 4,782 crore in the same quarter of previous year, on improved realisations and lower subsidy sharing burden. Read More

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